Leveraged buyout deals send Carlyle Group fund values up

Michael Bow
Follow Michael
ALTERNATIVE fund manager the Carlyle Group boosted the value of its funds by three per cent last quarter, it said yesterday, stemming a drop in value seen in the previous quarter.

The investment house, which floated on the Nasdaq in May, found comfort in its traditional private equity offering, increasing leveraged buyout fund values by five per cent over the quarter compared to a two per cent drop in the previous three months.

Return on its real asset funds were mixed after a five per cent rise in fund value for its real estate fund was offset by a fall in its energy funds. Overall, the group’s carry funds have increased 18 per cent over the year. Carlyle, which was set up by Bill Conway, Daniel D’Aniello and David Rubenstein, raised $671m on its float.